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Debt (Tables)
6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Long-Term Debt and Short-Term Borrowings Excluding Securitized Vacation Ownership Debt

Long-term debt and short-term borrowings consisted of the following, excluding securitized vacation ownership debt (in millions):

 

 

 

June 30,

 

 

December 31,

 

 

 

2015

 

 

2014

 

Senior Credit Facility:

 

 

 

 

 

 

 

 

Revolving Credit Facility, maturing 2020

 

$

 

 

$

5

 

Senior Notes, interest at 7.375%, maturing 2015

 

 

294

 

 

 

294

 

Senior Notes, interest at 6.75%, maturing 2018

 

 

373

 

 

 

372

 

Senior Notes, interest at 7.15%, maturing 2019

 

 

210

 

 

 

209

 

Senior Notes, interest at 3.125%, maturing 2023

 

 

349

 

 

 

349

 

Senior Notes, interest at 3.75%, maturing 2025

 

 

346

 

 

 

346

 

Senior Notes, interest at 4.50%, maturing 2034

 

 

292

 

 

 

291

 

Capital lease obligations

 

 

170

 

 

 

156

 

Commercial paper, weighted average interest at 0.433% at

   June 30, 2015

 

 

65

 

 

 

634

 

Mortgages and other, interest rates ranging from non-interest bearing to

   3.65%, various maturities

 

 

41

 

 

 

39

 

 

 

 

2,140

 

 

 

2,695

 

Less current maturities

 

 

(299

)

 

 

(297

)

Long-term debt

 

$

1,841

 

 

$

2,398